Guideline Value for Pillaiyar Koil 1st Cross Street

Pillaiyar Koil 1st Cross Street guideline value

The current guideline value of Pillaiyar Koil 1st Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024. This street is located in Porur village under the Kunrathur SRO, and it falls under the Residential Special Type - II land classification.

How the guideline value of Pillaiyar Koil 1st Cross Street has changed

The guideline value for Pillaiyar Koil 1st Cross Street has seen several revisions over the years. The 2012 revision set the value at Rs 3,200 per sq.ft, which was a decrease of 33% from the 2017 revision of Rs 2,144 per sq.ft. In the 2023 revision, the value increased to Rs 3,200 per sq.ft, followed by a further increase of 10% to Rs 3,520 per sq.ft in the 2024 revision.

Overall, from the 2012 revision to the 2024 revision, the guideline value has increased by 10%. The register does not contain figures for the years 2002, 2003, and 2007 for this street.

Guideline values in Porur

In Porur, there are 530 streets under the Kunrathur SRO, with a 2024 guideline value range from Rs 2,860 to Rs 6,380 per sq.ft. The median guideline value for these streets is Rs 3,960 per sq.ft, which means the 2024 figure for Pillaiyar Koil 1st Cross Street is below that median.

• Pillaiyar Koil 2nd Cross Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar koil Street: Rs 3,520 per sq.ft (2024)
• Pillaiyar koil Street Lane: Rs 3,520 per sq.ft (2024)
• Perumal koil Street: Rs 3,520 per sq.ft (2024)
• Perumal koil Sandu: Rs 3,520 per sq.ft (2024)
• Perumal Koil 2nd Street - Lane: Rs 3,520 per sq.ft (2024)

Stamp duty and registration fee for property in Pillaiyar Koil 1st Cross Street

For a 1,000 sq.ft plot at the current guideline value of Rs 3,520 per sq.ft, the total guideline value would be Rs 35,20,000. The stamp duty at 7% would be Rs 2,46,400, and the registration fee at 2% would be Rs 70,400, making the total fees together Rs 3,16,800. Duty is charged on the higher of the guideline value or the sale price.

For more information, you can use the stamp duty and registration fee calculator.

Which Sub Registrar Office covers Pillaiyar Koil 1st Cross Street?

The Sub Registrar Office that covers Pillaiyar Koil 1st Cross Street is the Kunrathur Sub Registrar Office, located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find your SRO for more details.

How the guideline value is used when you buy or sell in Porur

The guideline value is an important factor when registering property transactions in Porur. It serves as a benchmark for calculating stamp duty and registration fees, ensuring that the government receives its due revenue from property transactions.

When you buy or sell property, the guideline value is used to determine the applicable fees based on the property's value. This means that the higher amount between the sale price and the guideline value will be considered for calculating the stamp duty and registration fees.

Frequently asked questions

What is the current guideline value of Pillaiyar Koil 1st Cross Street?

The current guideline value of Pillaiyar Koil 1st Cross Street is Rs 3,520 per sq.ft, effective from 1 July 2024.

How has the guideline value changed over the years?

The guideline value has changed from Rs 3,200 per sq.ft in 2023 to Rs 3,520 per sq.ft in 2024, reflecting a 10% increase. It was Rs 2,144 per sq.ft in 2017, and Rs 3,200 per sq.ft in 2012, indicating a significant change over the years.

What is the land classification for Pillaiyar Koil 1st Cross Street?

Pillaiyar Koil 1st Cross Street is classified as Residential Special Type - II. This classification affects the guideline value and regulations for property transactions in the area.

What are the stamp duty and registration fees for properties in this area?

The stamp duty is charged at 7%, and the registration fee is 2% of the guideline value or sale price, whichever is higher. For example, for a 1,000 sq.ft plot, the total fees would amount to Rs 3,16,800.

Where can I find the Sub Registrar Office for this street?

The Kunrathur Sub Registrar Office covers Pillaiyar Koil 1st Cross Street and is located at No.59, Road Street, Kundrathur, Chennai -600 069. You can find more details online.